Moderna, Inc. revenue by segment MRNA

Moderna, Inc. splits its revenue into 8 lines in its filings. The largest line in fiscal 2025, which ended Dec 31, 2025 was COVID19 at $1.8 billion, 93% of the total.

USD in millions. The percent under a figure is the change from the year before.

Line
FY 2026
Jun 30, 2026
FY 2025
Dec 31, 2025
FY 2024
Dec 31, 2024
FY 2023
Dec 31, 2023
FY 2022
Dec 31, 2022
FY 2021
Dec 31, 2021
FY 2020
Dec 31, 2020
FY 2019
Dec 31, 2019
FY 2018
Dec 31, 2018
Revenue
2,228
1,944
3,236
6,848
19,263
18,471
803
60
135
Product Sales
—
—
—
6,671
-63.8%
share 97.4%
18,435
+4.3%
share 95.7%
17,675
+8737.5%
share 95.7%
200
share 24.9%
—
—
COVID19
—
1,810
-41.3%
share 93.1%
3,084
-53.8%
share 95.3%
6,671
-63.8%
share 97.4%
18,435
share 95.7%
—
—
—
—
Stand Ready Manufacturing Revenue
—
80
share 4.1%
—
—
—
—
—
—
—
Collaboration Arrangement
—
—
—
—
—
61
-17.6%
share 0.3%
74
+54.2%
share 9.2%
48
share 80.0%
—
Grant
—
—
37
-60.6%
share 1.1%
94
-75.8%
share 1.4%
388
-47.2%
share 2.0%
735
+38.9%
share 4.0%
529
+4308.3%
share 65.9%
12
share 20.0%
—
Collaboration Arrangement Including Arrangements With Affiliate
—
13
-72.9%
share 0.7%
48
-42.2%
share 1.5%
83
-81.1%
share 1.2%
440
+621.3%
share 2.3%
61
-17.6%
share 0.3%
74
+54.2%
share 9.2%
48
share 80.0%
—
License And Royalty
—
11
-73.8%
share 0.6%
42
share 1.3%
—
—
—
—
—
—
RSV
—
8
-68.0%
share 0.4%
25
share 0.8%
—
—
—
—
—
—
How these figures are calculated

Annual columns are full-year amounts from the annual report (Form 10-K, 20-F, or 40-F). If a company restates a year, the latest filed number is shown. USD in millions. Each group is a separate split of total revenue, so the groups are not added together. Share of revenue is that line divided by total revenue. The first column adds the latest year-to-date segment amount to the last fiscal year and subtracts the year-ago year-to-date amount. More on our methodology.

Company profile

Industry
Biological Products, (No Diagnostic Substances) (SIC 2836)
Listed as
MRNA (Nasdaq)
Fiscal year ends
December 31
Incorporated in
DE
Headquarters
Cambridge, MA
SEC filer status
Large accelerated filer
SEC CIK
1682852
Former names
Moderna Therapeutics, Inc. (until Aug 24, 2016)

Other Biological Products, (No Diagnostic Substances) companies

Source: SEC EDGAR filings. This is company-reported data, not investment advice.